USDJPY: Short and Long term perpective
The pair has been under a lot of bearish pressure. Looking at th 8H chart, maybe this is the end of that pressure, considering the bounce from the 50% fib line and the lower line of the fork.
Looking at the 1H, seems the RSI is starting to show some bullish div but we might be looking at another down move to touch the lower line of the 1H fork before the BIG bounce. The shaded area in the 1H seems to be key right now, let's see if it can get out of that region then the next resis is few pips above.
Looking at the 1H, seems the RSI is starting to show some bullish div but we might be looking at another down move to touch the lower line of the 1H fork before the BIG bounce. The shaded area in the 1H seems to be key right now, let's see if it can get out of that region then the next resis is few pips above.